Which of the following circumstances will not cause a partnership to close its tax year early? a.
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Which of the following circumstances will not cause a partnership to close its tax year early?
a. The partnership terminates by agreement of the partners.
b. The business activity of the partnership permanently ceases.
c. 50 percent or more of the total interests in the partnership are sold or exchanged in a 12-month period.
d. A new partner enters the partnership.
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Related Book For 
Income Tax Fundamentals 2017
ISBN: 9781305872738
35th Edition
Authors: Gerald E. Whittenburg, Steven Gill, Martha Altus Buller
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